Cristiano Ronaldo has agreed to join Manchester City, but a $30 million hurdle remains

• Cristiano Ronaldo has agreed to join Manchester City, according to numerous reports.
• A major hurdle remains, however, over a potential transfer fee for the Portuguese star.
• Juventus is believed to want around $30 million for Ronaldo, but City wants a free transfer.

Cristiano Ronaldo has reportedly agreed to join Manchester City in the latest sensational transfer of a crazy summer in the soccer player market.

Numerous outlets, including Spain's AS and the UK's Independent, report that Ronaldo has agreed personal terms with the English Premier League champions, and has spoken to manager Pep Guardiola.

The Independent reports that he will earn around £250,000 ($342,000) per week if he signs for City.

A major hurdle remains, however, as Ronaldo's current club, Juventus, and his potential new side are far apart on the player's transfer value.

City is reported to be unwilling to give Juventus a cash fee for the 36-year-old Portuguese star, while Juve wants somewhere in the region of 25 million euros ($30 million) for him.

Manchester City has already completed the $139 million signing of Jack Grealish from Aston Villa this summer.

Sky Sports reports Ronaldo, whose contract in Turin expires next summer, is willing to leave while Juventus is also willing to sell in order to save on the $690,000 a week wages they pay him.

The Italian club, however, want at least $29 million (25 million euros) for the striker.

Transfer expert Fabrizio Romano tweeted on Wednesday to say that Ronaldo's agent Jorge Mendes was in Turin "looking for options" for the 36-year-old, while he also ruled out PSG moving for him.

In April, Juventus confirmed that it ended the first half of the 2020 to 2021 financial year with a loss of €113.7 million ($133 million), added to a loss of €50.3 million ($59 million) in the first half of the previous financial year.

Italian sports journalist Gabriele Marcotti says the club letting Ronaldo leave the club before the end of the month would make sense from a financial perspective.

"Juventus made big losses over the last two seasons," Marcotti told the Transfer Talk podcast. "This is a club listed on the stock exchange and cannot run themselves as if they were a money pit.

"It's not Ronaldo's fault they lost all that money, obviously it's COVID and other poor decisions they made, but the reality is Ronaldo earns about €65 million per season gross, which works out at around £60 million - in excess of £1m a week.

"He has a year left on his contract; a year from now they would lose him for nothing.

Ronaldo himself last week dismissed transfer speculation, accusing the media of disrespect for reporting on rumors about his future.

"More than the disrespect for me as a man and as a player, the frivolous way that my future is covered in the media is disrespectful to all the clubs involved in these rumors, as well as to their players and staff," the 36-year-old said in an Instagram post.